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The traditional term for membership on a stock exchange. An investment dealer or brokerage buys a seat on the exchange and one employee is designated as the seat holder. As Toronto Stock Exchange is now demutualized, there are no longer seats on the exchange.

The dollar value of secondary offering securities issued in accordance with a TSX or TSX Venture Exchange approved transaction. It is the stated prospectus price multiplied by the “number of securities issued under the offering plus the over allotment”.

mutual funds specializing in a particular industry sector such as computers, or health care.

Transferable certificates of ownership of investment products such as notes, bonds, stocks, futures contracts and options.

Each province has a securities commission or administrator that oversees the provincial securities act. This act is a set of laws and regulations that set down the rules under which securities may be issued or traded in that province.

This is the date that a stock must be in your account for you to receive a dividend. The record date has nothing to do with how we trade stock splits.

A security that carries a condition giving the issuer a right to call in and retire that security at a certain price and for a certain period of time.

A trader employed by a securities firm who is required to maintain reasonable liquidity in securities markets by making firm bids or offers for one or more designated securities up to a specified minimum guaranteed fill.

A special form of corporation that invests primarily in real estate. REITs do not pay federal income taxes as long as they pay out 90% of their earnings to shareholders in the form of dividends.

dividend yield of a stock compared the dividend yield of the S&P 500.